Supply and Demand in the Gasoline Market Essay Example For Students

Supply and Demand in the Gasoline Market Essay Supply and Demand in the Gasoline Market Essay The substance known, as gasoline is a mixture of lighter liquid hydrocarbons used chiefly as a fuel for internal-combustion engines. It is produced by the fractional distillation of petroleum; by condensation or adsorption from natural gas; by thermal or catalytic decomposition of petroleum or its fractions; by the hydrogenation of producer gas or coal; or by the polymerization of hydrocarbons of lower molecular weight. Gasoline produced by the direct distillation of crude petroleum is known as straight-run gasoline. This is the type of gasoline, which we use in our automobiles. It is this which makes gasoline a product that is indispensable and also makes it highly demandable from the driving public. Category: Business Paper Title: Supply and Demand in the Gasoline Market Text: Supply and Demand in the Gasoline Market The substance known, as gasoline is a mixture of lighter liquid hydrocarbons used chiefly as a fuel for internal-combustion engines. It is produced by the fractional distillation of petroleum; by condensation or adsorption from natural gas; by thermal or catalytic decomposition of petroleum or its fractions; by the hydrogenation of producer gas or coal; or by the polymerization of hydrocarbons of lower molecular weight. Gasoline produced by the direct distillation of crude petroleum is known as straight-run gasoline. This is the type of gasoline, which we use in our automobiles. It is this which makes gasoline a product that is indispensable and also makes it highly demandable from the driving public. Thus the price of gasoline can also have a direct affect on what types of cars people will buy. One of the problems with gasoline is that it is, for now, the main fuel for automobiles and because of that it has become a necessity for most of the many Americans who own cars and have no choice but to drive to get to work, as well as in many other parts of the world. It is this constant need for gasoline to get us around which makes the demand part of it very high. On the supply side is where OPEC comes in, because they are the main suppliers for the gasoline for the world at large. The Organization of Petroleum Producing Countries (OPEC) is a permanent, intergovernmental organization, created at the Baghdad Conference of September 10-14, 1960, by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. The five Founding Members were later joined by eight other Members: Qatar (1961); Indonesia (1962); Socialist Peoples Libyan Arab Jamahiriya (1962); United Arab Emirates (1967); Algeria (1969); Nigeria (1971); Ecuador (1973-1992) and Gabon (1975-1994). OPECs objective is to co-ordinate and unify petroleum policies among its Member Countries, in order to secure fair and stable prices for the petroleum producers; an efficient, economic and regular supply of petroleum to consuming nations; and a fair return on capital to those investing in the industry (OPEC Web site). OPECs decisions have a direct effect on the price we pay for gas, both here in America and around the world. If they decide that they want to raise the price of petroleum to $30 per barrel, then the price per gallon at the gas station will go up accordingly. Likewise, if OPEC decides to lower the price per barrel of gasoline, then OPECs decision would have a direct effect on the market price of the gas at the gas station. The supply-demand issues in the domestic gasoline market affect all different parts of the economy. For example, when the price for gas was extremely low about a year or so ago, people started to purchase more cars and many of the vehicles purchased were Sport Utility Vehicles (SUVs). These vehicles have larger engines and tend to consume much more gasoline than the smaller, more fuel-efficient cars. (I know this to be true, because during that time I purchased a Jeep Wrangler, which holds and uses more gas than the smaller car that I used to own.) Now the price per gallon is at least 60 cents higher then it was a year ago, which, if you do the numbers as to how much gas people use, makes it an incredible increase. Since the use of gasoline is an absolute necessity if you own a car, then you have no choice but to pay the higher price, since at this point in time alternative fueled vehicles arent that cost efficient. .u96b8e286c0515dbdbcc2fc28f056f89b , .u96b8e286c0515dbdbcc2fc28f056f89b .postImageUrl , .u96b8e286c0515dbdbcc2fc28f056f89b .centered-text-area { min-height: 80px; position: relative; } .u96b8e286c0515dbdbcc2fc28f056f89b , .u96b8e286c0515dbdbcc2fc28f056f89b:hover , .u96b8e286c0515dbdbcc2fc28f056f89b:visited , .u96b8e286c0515dbdbcc2fc28f056f89b:active { border:0!important; } .u96b8e286c0515dbdbcc2fc28f056f89b .clearfix:after { content: ""; display: table; clear: both; } .u96b8e286c0515dbdbcc2fc28f056f89b { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u96b8e286c0515dbdbcc2fc28f056f89b:active , .u96b8e286c0515dbdbcc2fc28f056f89b:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u96b8e286c0515dbdbcc2fc28f056f89b .centered-text-area { width: 100%; position: relative ; } .u96b8e286c0515dbdbcc2fc28f056f89b .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u96b8e286c0515dbdbcc2fc28f056f89b .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u96b8e286c0515dbdbcc2fc28f056f89b .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u96b8e286c0515dbdbcc2fc28f056f89b:hover .ctaButton { background-color: #34495E!important; } .u96b8e286c0515dbdbcc2fc28f056f89b .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u96b8e286c0515dbdbcc2fc28f056f89b .u96b8e286c0515dbdbcc2fc28f056f89b-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u96b8e286c0515dbdbcc2fc28f056f89b:after { content: ""; display: block; clear: both; } READ: Creativity in Dreams The mind at its Creative Peak Essay In this paper I have tried to explain how the supply and demand of gasoline and its use in automobiles can affect the economy. In conclusion, until such time that gasoline is no longer needed to run automobiles there will be a constant demand for the product, and there will always be organizations such as OPEC around to supply it. Works Cited Brue, Stanley L. and McConnell, Campbell R. . Economics: Principles, Problems, and Policies. Fourteenth Edition. .

Social Control and the Salem Witch Trials Research Paper Example

Social Control and the Salem Witch Trials Paper In life, individuals form groups to obtain a desired good more effectively. This good typically cannot be produced individually, and this particular goods availability is generally limited outside the group. Thus, it seems that it is in an individuals best interest to remain a part of this group and work effectively with other members to produce their desired collective good. However, when members are faced with two opposing courses of action, one which will benefit their individual end and the other that will benefit the group collectively, there are always group members that will choose to pursue the individual end. Using the factors that affect group solidarity it is possible to explain why deviants sometimes pursue their own individual self-interest, and conversely, what causes some latent deviants to remain reputable group members committed to the solidarity of the group. In his book Principles of Group Solidarity, Michael Hechter lists several factors that effect group solidarity. According to Hechter, group solidarity can be defined as each group members willingness to contribute to the interest of the entire group, or the public. Within the group, solidarity varies for two main reasons; the extensiveness of each individuals obligations, and each individuals compliance with their obligations. Dissecting each of these reasons Hechter concludes that an individuals extensiveness of their group obligations will increase when each group member is dependent on one another to produce their desired good. Also, an individuals compliance with their group obligations will increase when the group is effectively monitored, and when sanctions are properly levied. We will write a custom essay sample on Social Control and the Salem Witch Trials specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Social Control and the Salem Witch Trials specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Social Control and the Salem Witch Trials specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Thus, according to Hechter, a group will exhibit solidarity when the members are interdependent on one another to produce their desired good, and an appropriate system of monitoring exists that yields sanctions to deviants. Nevertheless, group solidarity is only as strong as the group member most willing to deviate from their obligations to the group and pursue their own self-interest. Hechter explains that the rational egoist will choose the course of action that, given the information available to them and their ability to process it, they think will produce maximum utility. (Hechter, 30) If the rational egoist chooses to pursue an individual end, rather than the collective interest of the group, this decision could lead to the eventual downfall of the group. Given this account, one would be led to believe that at any time rational group members would deviate from the group in order to satisfy their own self-interests. But as we are about to see, the factors outlined earlier exist to prevent latent deviants from pursuing their individual end. Furthermore, there are some cases when it truly is in the best interest of the individual to pursue the end that will benefit the group collectively, because in turn they will benefit greater from that course of action. We will now look at several examples to show what factors influence the solidarity of a group. Initially, lets consider a rotating credit association, in which a group of individuals contribute to a common fund that is held by each individual for a certain length of time. In order to form such an organization, group solidarity must exist. Each member of the group must feel a sense of dependence on the other members to comply with their obligation to regularly contribute to the fund. Ordinarily, members of a rotating credit association know a great deal about each other; where each member lives, what each member does for a living, etc. Therefore, a high degree of visibility exists among the members, which serves to strengthen the efforts to monitor the group and sanction deviants. In addition, the notion of reputation in the group plays an important role; the individual serves to protect their familys good name by acting in a reputable manner. Yet, there always exists the risk that an individual (a rational egoist) will run off with the fund while it is their turn in the rotation to hold the money, thereby causing the group to collapse and leaving the others without access to credit. In this case, one can reason that deviation is less likely because each member of the group is highly interdependent on one another. Also, unless the deviant planned on completely disappearing from society he would have a hard time making future business transactions. Word of the deviants action would spread making it very unlikely for him to get involved with another credit association or business venture. Thus, remaining in good standing with the rotating credit association is in the best interest of the individual. Now lets turn to another example, insurance groups. We will focus on two such organizations, British friendly societies and American fraternal ethnic associations. In essence these groups were the first formalized insurance funds. Their main purpose was to offer payments to their members in the event of sickness, death, disability, a bad crop, or temporary layoff. In addition to their role as benefactors the insurance groups provided their members with other collective goods. The British friendly societies fostered a social environment in which their members would be able to have a release from their daily routine. The groups often staged their meetings in taverns, and held summer picnics and other such events for the members families. Similarly, the American fraternal ethnic associations provided a means for recent immigrants to stay in tune with their native culture through music, dance, and sporting events. Also, the ethnic associations offered educational and linguistic resources to assist their members with assimilating into their new environment in America. As one can see the benefits of being a part of an insurance group were immense. However, keeping the insurance fund solvent was an equally immense undertaking. There were myriad problems the fund could encounter. If everyone in the insurance group was about the same age depletion of the fund would occur at or around the same time period. Thus, the insurance group had to maintain a steady flow of new entrants to guard against future collapse. If one or a few individuals had sole control over the insurance fund, fraudulent members could embezzle and figure that nobody will notice. Thus, selection of trustworthy and upright officers was important in order to maintain the fund and safeguard against improper distribution. These two problems represent issues that required monitoring, and also sanctions if the situation warranted such action. In order for group solidarity to exist group members had to take a proactive role in the decision making process of issuing insurance benefits. Deviants could easily file a false claim, steal money from the fund, demand more money than they should, or even exhibit more careless behavior than they otherwise would without insurance (a phenomenon known as moral hazard). Yet, generally speaking, most insurance group members complied with their obligation to regularly contribute and enabled the insurance fund to persist. Using the examples drawn from Hechters book in the form of rotating credit associations and insurance groups one can distinguish what factors affect some deviants to pursue their own individual self-interest. If an individual in a group feels as though the extensiveness of their obligations is too comprehensive they will no longer comply with the groups rules. The deviant may decide to free-ride, in which he collects the groups collective good without contributing. The deviant may leave himself open for an unfavorable response from other group members, which will eventually result in sanctions or removal from the group. The deviant may also decide to steal, or embezzle from the group, thereby solidifying their expulsion. The deviant may even decide to start a rival or competing group with more favorable conditions. Conversely, other factors cause individuals to remain reputable group members committed to the solidarity of the group. Basing this on rational choice theory it may be the case that an individual group members self-interest parallels the collective interest of the group. In this situation the individual is acting as a rational egoist in remaining aligned with the goals of the group. Pursuing the collective interest of the group maximizes the individuals utility. Undoubtedly, this is the major reason individuals form groups in the first place, to collectively obtain a desired good more effectively. Additionally, other factors including maintaining a good reputation in the community, and fear of sanctions, guide some latent deviants to pursue the collective interest of the group. They are better off as part the group. Going against the group will only serve to subject these individuals to undue hardship and ill-feelings from people whom they share common interests with. However, without some sort of social control or peer pressure, it is likely to assume that more deviation from the pursuit of the collective good would exist. This notion is exhibited through Arthur Millers portrayal of the Salem witch trials in the movie The Crucible. For our analysis we will consider Salem, Massachusetts, a community that exhibited group solidarity. The entire town worked together to maintain a certain standard of living for their families. Salem had a carpenter, blacksmith, minister, sheriff, several farmers, and servants, all who worked together to produce a collective good for the community; a comfortable standard of living. Despite the groups interdependence on one another, the system began to fall apart in the face of a crisis. When members of the community were faced with two opposing courses of action regarding communication with the devil, some chose to pursue their individual end, while others chose to pursue the course of action that benefited the group collectively. The predominant reason that allowed such a large faction to pursue their individual end revolves around the courts decision to believe Abigail Williams and her crew. By and large, these girls did not contribute to the welfare of the community; they acted as free-riders. For the girls, non-compliance with the groups obligations was easy. They were rarely monitored, and stringent sanctions could result in their families acquiring a reputation for producing deviants. Thus, most conflicts were pushed under the table or out of sight, to save face in the community. Furthermore, even the court failed to follow proper procedure. The trial consisted of the accused either agreeing to prior communication with the devil, or denying the accusation and facing the consequence of death. There was no middle ground, no logical though process, the girls had created hysteria in Salem. Several group members were hung based on the whimsical testimony of a group of deviants. Not surprisingly, Abigail and the girls initially picked on the group members with the lowest levels of status in the community including, beggars and peasants. By establishing their accusations on these unfavorable group members the girls were able to create a snowball effect, in which more and more people began to believe that certain members did in fact participate in communication with the devil. Before too long the girls were in too deep to ever admit guilt. In turn, they created their own group, with their own interdependence rested solely on the premise of not getting caught. At this point a traitor from within would result in death for them all. When Mary Warren, under the supervision of John Proctor, attempted to rectify the girls wrongs, Abigail led a flamboyant reprisal which made Mary Warren look like she had lost her mind. Eventually, once Abigail realized these trials could not persist indefinitely she decided to flee Salem and deviate from yet another group. During her rampage in Salem, Abigails relentless pursuit of her own individual end transformed the culture of the community. While Abigail and her crew of deviants broke down the community, others including John Proctor, and Reverend Hale gave their all to pursue the collective end most beneficial to the solidarity of the group. If we look back on Hechters factors that affect group solidarity (the extensiveness of each individuals obligations, and each individuals compliance with their obligations), we can see why these individuals fostered the collective interest of the group. Proctor, despite his relations with Abigail, represented the community member who looked out for the well-being of his group members. Proctor understood that interdependence of the group, and maintaining a good reputation for his family, would benefit the community and his family in the long run. When faced with the ultimate question, death with dignity or life with disgrace, Proctor chose the course of action that would eliminate these problems for Salem in the future. He took the ultimate sacrifice for the good of the community. Similar to Proctors course of action, Reverend Hale, realized that something must be done to suppress the deviants from creating any further problems. Having prior experience in uncovering witchcraft, Reverend Hale was initially called in to assess the situation and if the need existed, eradicate the devil from Salem. Unexpectedly, once he had a chance to fully analyze the situation it became clear that the girls who were allegedly suffering from witchcraft were the source of the problem. In an effort to comply with his obligations to Salem, Reverend Hale urged Judge Danforth to see beyond the girls deviant actions. He knew John Proctor was telling the truth, he knew Abigail was lying when she alleged Elizabeth Proctors spirit stabbed a needle in her abdomen, he knew the situation in Salem was out of control. Individuals were being put to death and Reverend Hale was trying his hardest to correct the situation. Relating John Proctors and Reverend Hales actions to Hechters reasoning, one would conclude that as the Salem witch trials progressed the extensiveness of their obligations to the community increased. These two men realized that the welfare of the community rested on their shoulders. In order for Salem to remain solvent in the years to come, free from the grips of the deviants who preached witchcraft, John Proctor needed to stand up against Judge Danforth and set an example. To John Proctor, his strong personal ties within the group, the cost of moving away from Salem, and the value he placed on his familys good name, were stronger than life itself. To Reverend Hale, the pursuit to benefit the collective welfare of Salem, his original mission, was of the utmost importance. As we have now seen through several examples, group solidarity varies for two main reasons; the extensiveness of each individuals obligations, and each individuals compliance with their obligations. When group members are faced with two opposing courses of action, one which will benefit their individual end and the other that will benefit the group collectively, the individual subliminally considers each variant and chooses a course of action. Based on factors including, the interdependence of the group, the visibility of each group member, the probability of getting caught (monitoring), and the probability of facing a sanction, the rational egoist choose[s] the course of action that they think will produce maximum utility. (Hechter, 30) Hence, in each group there exist members who will always be more inclined to deviate than others. The degrees to which these factors are employed within the group determine the actual level of deviation from the pursuit of the collective interest of the group. I am particularly happy with the way that I make sure each topic/example relates to the thesis and gives examples to substantiate the claim. As far as Im concerned the paper flows well from one thought to another. I didnt necessarily have any trouble writing the paper, although there were times when I did not think that I would be able to reach about 9 pages. Based on my outline, I figured Id have to cut down, or simplify the paper, but that proved not to be the case.

Free Essays on Holocaust And Art Speigalmen

So many things happen throughout the Holocaust that many believe that it’s not true or just don’t even know what had happened. So many contradicting issues arose after the Holocaust concerning certain events that happened but were not documented, certain writers had different ideas to present, and certain things that the United States did, or did not do, during the years of the Holocaust. Art Spiegelman, an author, born in 1948 in Stockholm, Sweden, shortly after the end of the World War II. His parents, Vladek and Anja, were two of the few that were saved from the Auschwitz death camp in Poland. As an adult, he wanted to hear his father’s story and make it into a book. It took Art many visits with his father to get the complete story. Art turned his book about his father’s life in the Holocaust into a comic book, using mice to represent the Jews and cats to represent the Nazis. This book, â€Å"Maus† (mouse in German), took 13 years to create and finish. When â€Å"Maus† hit the book stores, many people had mixed feelings about a book that told the story of one man’s life through the Holocaust in the form of a comic. Many people were appalled and disgusted that someone could make something as serious as the Holocaust into a cartoon. However, many critics raved about â€Å"Maus.† The New York Times said it’s à ¢â‚¬Å"a remarkable feat of documentary detail and novelistic vividness†¦.and unfolding literary event.† The Boston Globe said, â€Å"A brutally moving work of art.† â€Å"A remarkable work, awesome in its conception and execution†¦at one and the same time a novel, a documentary, a memoir, and a comic book. Brilliant, just brilliant,† said Jules Feiffer, Cartoonist, novelist, playwright, and screenwriter. â€Å"Maus† is just an indescribable work of art. It’s touching, moving, and intensely inspiring. Art Spiegelman not only tells the story of his father’s life, but he draws you in and brings you into ... Free Essays on Holocaust And Art Speigalmen Free Essays on Holocaust And Art Speigalmen So many things happen throughout the Holocaust that many believe that it’s not true or just don’t even know what had happened. So many contradicting issues arose after the Holocaust concerning certain events that happened but were not documented, certain writers had different ideas to present, and certain things that the United States did, or did not do, during the years of the Holocaust. Art Spiegelman, an author, born in 1948 in Stockholm, Sweden, shortly after the end of the World War II. His parents, Vladek and Anja, were two of the few that were saved from the Auschwitz death camp in Poland. As an adult, he wanted to hear his father’s story and make it into a book. It took Art many visits with his father to get the complete story. Art turned his book about his father’s life in the Holocaust into a comic book, using mice to represent the Jews and cats to represent the Nazis. This book, â€Å"Maus† (mouse in German), took 13 years to create and finish. When â€Å"Maus† hit the book stores, many people had mixed feelings about a book that told the story of one man’s life through the Holocaust in the form of a comic. Many people were appalled and disgusted that someone could make something as serious as the Holocaust into a cartoon. However, many critics raved about â€Å"Maus.† The New York Times said it’s à ¢â‚¬Å"a remarkable feat of documentary detail and novelistic vividness†¦.and unfolding literary event.† The Boston Globe said, â€Å"A brutally moving work of art.† â€Å"A remarkable work, awesome in its conception and execution†¦at one and the same time a novel, a documentary, a memoir, and a comic book. Brilliant, just brilliant,† said Jules Feiffer, Cartoonist, novelist, playwright, and screenwriter. â€Å"Maus† is just an indescribable work of art. It’s touching, moving, and intensely inspiring. Art Spiegelman not only tells the story of his father’s life, but he draws you in and brings you into ...

The May Revolution in Argentina

The May Revolution in Argentina In May of 1810, word reached Buenos Aires that the King of Spain, Ferdinand VII, had been deposed by Napoleon Bonaparte. Rather than serve the new King, Joseph Bonaparte (Napoleon’s brother), the city formed its own ruling council, essentially declaring itself independent until such time as Ferdinand could reclaim the throne. Although initially an act of loyalty to the Spanish crown, the â€Å"May Revolution,† as it came to be known, was eventually a precursor to independence. The famous Plaza de Mayo in Buenos Aires is named in honor of these actions. Viceroyalty of the River Platte The lands of the eastern southern cone of South America, including Argentina, Uruguay, Bolivia, and Paraguay, had been steadily growing in importance for the Spanish crown, mostly because of revenues from the lucrative ranching and leather industry in the Argentine pampas. In 1776, this importance was recognized by the establishment of a Viceregal seat in Buenos Aires, the Viceroyalty of the River Platte. This elevated Buenos Aires to the same status as Lima and Mexico City, although it was still much smaller. The wealth of the colony had made it a target for British expansion. Left to Its Own Devices The Spanish were correct: the British had their eye on Buenos Aires and the rich ranching land it served. In 1806-1807 the British made a determined effort to capture the city. Spain, its resources drained from the devastating loss at the Battle of Trafalgar, was unable to send any help and the citizens of Buenos Aires were forced to fight off the British on their own. This led many to question their loyalties to Spain: in their eyes, Spain took their taxes but did not hold up their end of the bargain when it came to defense. The Peninsular War In 1808, after helping France overrun Portugal, Spain was itself invaded by Napoleonic forces. Charles IV, King of Spain, was forced to abdicate in favor of his son, Ferdinand VII. Ferdinand, in turn, was taken prisoner: he would spend seven years in luxurious confinement in the Chà ¢teau de Valenà §ay in central France. Napoleon, wanting someone he could trust, put his brother Joseph on the throne in Spain. The Spanish despised Joseph, nicknaming him â€Å"Pepe Botella† or â€Å"Bottle Joe† because of his alleged drunkenness. Word Gets Out Spain desperately tried to keep news of this disaster from reaching its colonies. Since the American Revolution, Spain had kept a close eye on its own New World holdings, fearing that the spirit of independence would spread to its lands. They believed that the colonies needed little excuse to cast off Spanish rule. Rumors of a French invasion had been circulating for some time, and several prominent citizens were calling for an independent council to run Buenos Aires while things got sorted out in Spain. On May 13, 1810, a British frigate arrived in Montevideo and confirmed the rumors: Spain had been overrun. May 18-24 Buenos Aires was in an uproar. Spanish Viceroy Baltasar Hidalgo de Cisneros de la Torre pleaded for calm, but on May 18, a group of citizens came to him demanding a town council. Cisneros tried to stall, but the city leaders would not be denied. On May 20, Cisneros met with the leaders of the Spanish military forces garrisoned in Buenos Aires: they said they would not support him and encouraged him to go ahead with the town meeting. The meeting was first held on May 22 and by May 24, a provisional ruling junta which included Cisneros, Creole leader Juan Josà © Castelli, and commander Cornelio Saavedra was created. May 25 The citizens of Buenos Aires did not want former Viceroy Cisneros to continue in any capacity in the new government, so the original junta had to be disbanded. Another junta was created, with Saavedra as president, Dr. Mariano Moreno, and Dr. Juan Josà © Paso as secretaries, and committee members Dr. Manuel Alberti, Miguel de Azcuà ©naga, Dr. Manuel Belgrano, Dr. Juan Josà © Castelli, Domingo Matheu, and Juan Larrea, most of whom were creoles and patriots. The junta declared itself rulers of Buenos Aires until such time as Spain was restored. The junta would last until December 1810, when it was replaced by another one. Legacy May 25 is the date celebrated in Argentina as the Dà ­a de la Revolucià ³n de Mayo, or May Revolution Day. Buenos Aires famous Plaza de Mayo, today known for protests by family members of those who disappeared during Argentinas military regime (1976-1983), is named for this turbulent week in 1810. Although it was intended as a show of loyalty to the Spanish crown, the May Revolution actually started the process of independence for Argentina. In 1814 Ferdinand VII was restored, but by then Argentina had seen enough of Spanish rule. Paraguay had already declared itself independent in 1811. On July 9, 1816, Argentina formally declared independence from Spain, and under the military leadership of Josà © de San Martà ­n was able to defeat Spains attempts to retake it. Source: Shumway, Nicolas. Berkeley: The University of California Press, 1991.

Introdiction to airline and airport management Essay

Introdiction to airline and airport management - Essay Example It is important to evaluate whether these factors are positively affecting the commercial air transport or not. The expectations of air passengers have increased in terms of quality of air transport services. Since passengers groups can be segmented into various categories based on different variables therefore, their needs may vary. The immense variability among the needs of the passengers has always been a major concern for the airlines. The ultimate need of all passengers is their satisfaction. Apart from the service quality improvements made by all airlines, the airports have widely adopting the quality criteria. Since the airports are also operating in a more competitive environment therefore, airport management is improving to serve passengers in a better manner. In the previous years, the customers used to buy tickets directly from the airlines and no contractual relationship used to exist between the customers and the airport. Today, the situation is very different because even without having any contractual relationship with the airports, the passengers expect to have excellent airport services. For fulfilling the needs of the passengers, the airport nowadays are giving great focus towards ground handling, security checks, airport access and border controls etc. The European airports have developed â€Å"Airport Voluntary Commitment on Air Passenger Service.† It has been developed after the extensive consultation of airport management with Consumers, European Commission and European Government. According to the voluntary commitment, European airports accept the responsibility to provide defined quality of services to the travellers without any legal binding on a consistent basis. For example, according to Airport Voluntary Commitment, â€Å"Each airport will prominently publicise the services it offers for assisting passengers with reduced mobility (PRMs).† 2 The

The perfect career Essay Example | Topics and Well Written Essays - 500 words

The perfect career - Essay Example Didactic approach refers to living a life which is purposeful and extensively followed by morals. There are hardly any human beings that strictly follow this great approach and this is the only reason why the world is in a chaotic state these days. A perfect career can have myriad definitions but the quest is to know the best and follow the best definition of a perfect career. A perfect career would undoubtedly be made up of several sacrifices so as to revive this forgotten word in front of the whole world. A sacrifice made is arguably the biggest contribution and this is what makes people like Mother Teresa, Nelson Mandela and others cynosures. The will and the ability to pursue the goal and a never say die attitude is what separates ordinary people from the extra ordinary people. Having a noble goal is another pivotal aspect when it comes to the perfect career, an aimless life has no significance whatsoever and there are countless people across the world that live such a kind of life. Noble aim combined with noble intensions makes the backbone of a perfect career; another pivotal factor is clarity of thought, without this even the most genius of all will not be able to capitalize on the opportunities.

Ethics and Compliance Paper Essay Example for Free

Ethics and Compliance Paper Essay The companys project-oriented approach improved teamwork and leveled the playing field; team culture and corporate culture have been promoted; an innovative spirit has been instilled; and international integration has been improved. In terms of the market results, Lenovos adaptation of project management has improved the ompanys core competitiveness with improved delivery and customer satisfaction. In turn, distinctive performance was delivered: In 2006, the company had a market share of seven percent in the global PC market, led only by Dell and HP. Its total turnover was USD 14. 6 billion, a rise of 10 percent over the previous year. Ethics and Compliance Paper BY bc64762 Walmart is one of many companies who report its filing with the United States Securities and Exchange Commission. The purpose for writing about Walmarts Ethics and Compliance paper is to inform the reader about Walmarts important compliance processes. SEC filings, analysis of financial statements, requirement for certification and legal proceedings will be explained throughout further reading. Procedures for Ethical Behavior Walmart has an official statement of ethics which is meant to be applied to not only the associates and directors employed by the organization but also third parties. These third parties include suppliers, consultants, public relations firms, contractors and all other third party companies who conduct business with Walmart in any fashion. Due to the fact that Walmart does conduct business in several countries the tatement of ethics may be modified to coincide with the laws and customs of each country. To conform to the statement of ethics written out by Walmart, associates expect to follow the laws written by their city, state, and country at all times. These employees are also responsible for not only reading the Guiding Principles but also understanding and using those principles every-day. Employees do not expect to memorize these policies; however they are expected to learn those that apply directly to their Jobs. If an employee has a question or concern they should not be afraid to sk help from a manager or report any inappropriate conduct. If there was anything to happen and an investigation would take place with Walmart employees, the employees are expected to cooperate with and ensure the investigation remain private and come up front with any news that any employees may have. Along with these requirements of employees, Walmart has additional responsibilities for managers to ensure the ethical behavior is conducted. If an ethical issue is brought to a managers attention, it is their Job to report this to the Global Ethics Office at the Walmart Corporation. Managers are also expected to meet with their employees as a group to review the Guiding principles and answer any questions that may arise. Managers encourage always putting ethics first in the event that an ethical issue is in conflict of business objectives. It is the managers duty to lead by example, and ensure that Just because one ethical mistake is made that this does not continue within their department. Open communication between managers and employees is a must and no issue should ever be put aside regardless of the magnitude. Along with these responsibilities and requirements, discipline is handed own for those in violation. Actions are taken up to and including termination for violation of the organizations ethics policy. SEC Compliance Processes The most important process that Walmart uses to comply with SEC is to make SEC filings in accordance to the law. A sample of these filings can be examined at: http:// finance. yahoo. com/q/sec? s=WMT. This page gives a list of 8K and IOQ filings made by Walmart with SEC. Also of utmost importance, the finance department at Walmart prepares the financial information and statements required by the SEC like the Income Statement, Balance Sheet and Cash Flow Statements. The company is then financial statements, more disclosures, controls and procedures and other information as required under part B. It is also necessary to provide Other Information relating to the company. The most important process of compliance that appears in the report is the signature certifying that the report is in compliance with Section 13(a) or 1 5(d) of the SEC Act of 1934. The act of signing makes the President and Chief Executive Officer responsible for the information contained in the reports. The requirement for certification makes it important for the CEO and the CFO to nsure that the information contained in the report is correct. Other organization processes are somewhat mechanical. For instance, the legal proceedings, including those against the company need to be listed. The legal department will provide a comprehensive list of the legal proceedings. Three officers, the President and the CEO, the Executive Vice-President and CFO as well as the Senior Vice Preside nt law suits filed against Walmart and the disclosures in the court contains information about the internal proceedings of Walmart. The following web sites offer one the opportunity to examine Walmarts compliance with SEC requirements: http:// walmartstores. com/lnvestors/SECFilings. aspx or http://www. wakeupwalmart. com/ press/article. tml? article=784. Apart from this, the SEC is responsible for the enforcement of the Sarbanes-Oxley Act, the Investment Advisers Act of 1940, the Investment Company Act of 1940, Trust Indenture Act of 1939 and the Securities Act of 1933. In consideration of the Sarbanes Oxley Act, the CPA auditor of Walmart is required to comment on the internal control of the company. The auditor of Walmart, Ernst ; Young carries out the requisite examination of the internal control at Walmart and makes comments about the internal control at Walmart. Walmarts Financial Performance over the Last Two Years Financial ratios are used to identify the strengths and weaknesses of a company. The current ratio, debt ratio, return on equity ratio, and days receivable ratio will be used to identify Wal-Marts financial health. The ratios used will be for 2008 and 2009 to obtain a brief look at the companys financial health. The first ratio is the current ratio. The current ratio tests for a companys liquidity (Keown, Martin, Petty, ; Scott, Jr. , 2005). The simplest and most basic test for a companys relative liquidity is the current test, which divides the companys current assets by its current liabilities. In 2008, Walmarts current assets were $48,020 million and the current liabilities were $58,478 million for a ratio of 0. 8. In 2009, Walmarts current assets were $48,949 million and current liabilities were $55,390 million for a ratio of 0. 9. The ratios indicate that the Walmarts financial health was slightly better in 2009 than it was in 2008. Because a companys assets may be financed by debt or equity it is important to consider a companys debt ratio. The debt ratio shows relatively how well a company manages its assets or rather how much of its assets are in the form of debt (Keown,